Technical
Financial
Distress signals
Property profile

1701 Hwy 51st S Covington, TN 38019

OFF-MARKET
Commercial real estate
Property ID
US80-1322443
16,952 SF 4.81 ac lot Built 1975
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Saved · see the list in your Dashboard

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1975
Total area 16,952 SF
Lot 4.81 ac (209,524 SF)
APN 084050A B 00100
UPID US80-1322443

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1701 Hwy 51st S Covington, TN 38019-3628
Covington metro Census 40601 MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.63M
CAP Approach CAP
$2.64M
Comparable Approach Comparable
$2.52M
Blend (final) Blend
$2.44M

Owner & transaction history

since 2022
Last sale
$2.7M
7 recorded transactions
2022
$2.7M
2022
$1.1M
2006
$27,700
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1701 Hwy 51st S?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message